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Egyptians Turning to Silver to Hedge Against Inflation (www.activistpost.com)

posted 288 days ago by brain_dead 288 days ago by brain_dead +109 / -0

Egyptians Turning to Silver to Hedge Against Inflation - Activist Post

Price inflation in Egypt is running as high as 30 percent. Is silver the answer?

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– MuckeyDuck 1 point 287 days ago +1 / -0

The LME first announced the "mix-up." Like, woops, we though were were filling those bags with Nickel, and mistakenly filled them with stones.

We've all done that right? Go to the store, pay 55c for an item. Give the cashier two quarters, and a stone by mistake.

Is all the gold bullion stored in vaults (Gold deposits) actually there?
Are the gold bricks really Gold?

Do they assay the bricks that are in depository? I am learning that a gold 1 oz. bar can be faked in extraordinary detail where multiple test are required to spot the fake.

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